Europe Economics Weekly Ominous signs for German exports Last week’s German trade data revealed a sharp drop in exports, suggesting that the economy’s export engine is not performing particularly well. Much attention has focused on the deteriorating outlook... 15th July 2013 · 1 min read
Europe Data Response Euro-zone Industrial Production (May 13) May’s euro-zone industrial production data show that the sector cannot be relied upon to generate a strong and sustained recovery. 12th July 2013 · 1 min read
Europe Economics Focus Can Germany solve the euro-zone crisis? As the German economy struggles to grow, the Government will continue to resist the permanent transfers that the euro-zone’s periphery needs. But it will probably back further extensions to deficit... 11th July 2013 · 1 min read
Europe Economics Update Norwegian rate cut still likely despite FX depreciation We have long argued that the strength of the Norwegian krone would push the Norges Bank into further monetary easing. While the currency’s recent sell-off might ease pressure on the Bank somewhat, we... 10th July 2013 · 1 min read
Nordic & Swiss Economics Update Norwegian rate cut still likely despite FX depreciation We have long argued that the strength of the Norwegian krone would push the Norges Bank into further monetary easing. While the currency’s recent sell-off might ease pressure on the Bank somewhat, we... 10th July 2013 · 1 min read
Europe Economic Outlook A fragile recovery The European economy has shown tentative signs of improvement in recent months, with activity indicators in both Germany and some of the peripheral euro-zone countries regaining a firmer tone after... 9th July 2013 · 1 min read
Europe Commercial Property Update German logistics capital values set to disappoint Our view that logistics property in Germany will underperform the other main commercial property sectors over the coming years is underpinned by the fact that, in both an international and historic... 9th July 2013 · 1 min read
Europe Data Response German Industrial Production & Trade (May 13) May’s falls in German exports and industrial production add to evidence that the recovery in the euro-zone’s largest economy will be very modest. 8th July 2013 · 1 min read
Europe Economics Weekly ECB still at the back of the pack The ECB joined the great forward policy guidance race last week. But when it comes to the broader provision of monetary policy support, it remains firmly at the back of the pack. 8th July 2013 · 1 min read
Europe Economics Update The ECB joins the forward guidance club The ECB’s unprecedented step in joining other central banks in providing forward guidance on future policy is a welcome one. But it won’t transform the outlook for the euro-zone economy. 4th July 2013 · 1 min read
Europe Economics Update Dutch households sinking deeper into the doldrums Burdened by the euro-zone’s most indebted households, the Netherlands is stuck in its third recession in five years. With pressure on households likely to intensify, the country’s AAA-rating will come... 4th July 2013 · 1 min read
Europe Chart Pack Market pressures threaten fragile recovery Euro-zone activity indicators have maintained a slightly firmer tone over the last month, providing tentative signs of an upturn in the region’s economy. Nonetheless, those indicators generally... 3rd July 2013 · 1 min read
Europe Economics Update Riksbank’s economic forecasts still look too optimistic The Swedish Riksbank left interest rates unchanged at 1.0% today and signalled that it still expects to begin raising rates in late 2014. However, we still think that the Bank’s economic forecasts are... 3rd July 2013 · 1 min read
Nordic & Swiss Economics Update Riksbank’s economic forecasts still look too optimistic The Swedish Riksbank left interest rates unchanged at 1.0% today and signalled that it still expects to begin raising rates in late 2014. However, we still think that the Bank’s economic forecasts are... 3rd July 2013 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Jun.) Although the peripheral economies remain mired in recession, some fiscal progress is being made, particularly in Greece. 2nd July 2013 · 1 min read
Europe Commercial Property Update Ireland – a false dawn for property? News that the Irish economy is back in recession is a reminder that Dublin’s property market still faces significant headwinds. Indeed, all-property capital values in Dublin could yet suffer another... 2nd July 2013 · 1 min read
